VerifyMe Inc
NASDAQ:VRME
VerifyMe Inc
VerifyMe, Inc. engages in the provision of digital and physical solutions. The company is headquartered in Rochester, New York and currently employs 7 full-time employees. The company went IPO on 2001-06-29. The firm specializes in brand protection functions, such as counterfeit prevention, authentication, serialization, track and trace features for labels, packaging and products. The Company’s products include VerifyMe Engage, which is for consumer engagement; VerifyMe Authenticate, which is for product authentication; VerifyMe Track & Trace, which is for product supply chain control, and VerifyMe Online, which is for on-line (Web) brand monitoring. VerifyMe Engage provide the ability for the brand owner to gather business intelligence and engage with the consumer using its authentication test as the initial contact with the consumer. VerifyMe Authenticate provides an assortment of tools through its products, including VerifyInk and VerifyChecker. VerifyMe Track & Trace technology utilizes overt dynamic codes. VerifyMe Online includes brand clearance and protection leader, technologies and services.
VerifyMe, Inc. engages in the provision of digital and physical solutions. The company is headquartered in Rochester, New York and currently employs 7 full-time employees. The company went IPO on 2001-06-29. The firm specializes in brand protection functions, such as counterfeit prevention, authentication, serialization, track and trace features for labels, packaging and products. The Company’s products include VerifyMe Engage, which is for consumer engagement; VerifyMe Authenticate, which is for product authentication; VerifyMe Track & Trace, which is for product supply chain control, and VerifyMe Online, which is for on-line (Web) brand monitoring. VerifyMe Engage provide the ability for the brand owner to gather business intelligence and engage with the consumer using its authentication test as the initial contact with the consumer. VerifyMe Authenticate provides an assortment of tools through its products, including VerifyInk and VerifyChecker. VerifyMe Track & Trace technology utilizes overt dynamic codes. VerifyMe Online includes brand clearance and protection leader, technologies and services.
Revenue Decline: Q3 revenue fell to $5.0 million from $5.4 million last year, mainly due to discontinued services tied to a former shipping partner.
Gross Margin Improvement: Gross margin rose to 41% in Q3 2025 from 35% in Q3 2024, reflecting better negotiated rates and improved operational efficiency.
Impairment Charge: The company recorded a $3.9 million noncash impairment related to its PeriShip business after losing its primary proactive shipping supplier.
Operating Expense Reduction: Operating expenses (excluding impairment) decreased to $1.7 million from $2.5 million last year, partly due to the divestiture of Trust Codes and cost reductions.
Transition Challenges: Management expects continued revenue pressure in Q4 2025 and Q1 2026 due to the transition to a new shipping partner but sees the new partnership as a long-term positive.
Cash & Liquidity: The company ended Q3 with $4.0 million in cash and expects to remain cash flow positive for full year 2025.
No 2026 Guidance Yet: No specific 2026 guidance was provided, but management expects to give it at the next earnings call.
